Ecuador: Needles, Catheters, Cannulae Market 2024

Needles, Catheters, Cannulae Market Size in Ecuador

The Ecuadorian needles, catheters, cannulae market reached $X in 2021, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -2.9% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Needles, Catheters, Cannulae Exports

Exports from Ecuador

In 2021, exports of needles, catheters, cannulae from Ecuador declined rapidly to X units, with a decrease of -49.2% on the year before. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 969% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, needles, catheters, cannulae exports declined dramatically to $X in 2021. Over the period under review, exports, however, saw a perceptible increase. The pace of growth was the most pronounced in 2015 with an increase of 257% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Uruguay (X units) was the main destination for needles, catheters, cannulae exports from Ecuador, with a 60% share of total exports. Moreover, needles, catheters, cannulae exports to Uruguay exceeded the volume sent to the second major destination, Guatemala (X units), eightfold. The third position in this ranking was held by the Dominican Republic (X units), with a 5.6% share.

From 2012 to 2021, the average annual growth rate of volume to Uruguay stood at -32.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (0.0% per year) and the Dominican Republic (0.0% per year).

In value terms, Germany ($X), Mexico ($X) and Guatemala ($X) appeared to be the largest markets for needles, catheters, cannulae exported from Ecuador worldwide, with a combined 49% share of total exports. Uruguay, Chile, Peru, the Dominican Republic and Costa Rica lagged somewhat behind, together comprising a further 31%.

Chile, with a CAGR of +24.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average needles, catheters, cannulae export price amounted to $X per unit, increasing by 36% against the previous year. Overall, the export price enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 an increase of 466% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Uruguay (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+189.9%), while the prices for the other major destinations experienced more modest paces of growth.

Needles, Catheters, Cannulae Imports

Imports into Ecuador

In 2021, imports of needles, catheters, cannulae into Ecuador contracted to X units, which is down by -11.1% compared with the previous year. In general, total imports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -11.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, needles, catheters, cannulae imports expanded slightly to $X in 2021. Overall, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.8% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 33% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest needles, catheters, cannulae supplier to Ecuador, with a 48% share of total imports. Moreover, needles, catheters, cannulae imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), fivefold. The third position in this ranking was taken by Germany (X units), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-0.3% per year) and Germany (-4.3% per year).

In value terms, China ($X), the United States ($X) and Germany ($X) were the largest needles, catheters, cannulae suppliers to Ecuador, with a combined 50% share of total imports.

China, with a CAGR of +25.3%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average needles, catheters, cannulae import price stood at $X per unit in 2021, jumping by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Indonesia (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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